How Homer Financing works:

Poject Costs

Design

Typically 10-15% of Construction Costs, these may include but are not limited to:

  • Architectural Design Fees
  • Structural, Mechanical, Electrical, & Plumbing Engineer Design Fee
  • Geotechnical Report
  • Survey as required
  • Permitting

    Typically 5-10% of Construction Costs, these may include but are not limited to:

  • City Fees for Permits
  • City Impact Fees
  • Construction

    Costs are indexed to local construction markets.

    Contruction Costs may include but are not limited to:

  • General Conditions
  • Materials
  • Installation Labor
  • Subcontractors
  • Contractor Overhead & Profit
  • Sitework
  • Repayment or Share Equity

    If eligible, homeowner repays Homer with a portion of rental income every month for an agreed-upon term
  • We share rental income with you, so any money you can rent your unit out for above the monthly payment, is yours to keep
  • The cost of Homer repayment is similar to taking out a Home Equity Line of Credit, without the hassle
  • Full Ownership

    Homeowner is done with repayment!
  • Continue to rent your unit for extra income, or use it to for added flexibility for your family